Income tax hike will cost Sycamore residents $7,119,200.98 more this year, ranked 2nd in Dekalb County

Sycamore taxpayers will pay an additional $7,119,200.98 in income taxes this year, according to an analysis by Local Government Information Services (LGIS).

LGIS combined Illinois Department of Revenue data with a forecast by Senate Democrats to estimate how much additional income tax will be paid in each Illinois city.

Sycamore's estimated increase in income tax payments ranks second out of 14 Dekalb County cities, with an average increase of $692.39 per person. All told, the entire Dekalb County will collectively pay an extra $26,358,056.10 in income taxes this year, according to the analysis.

Retroactive to July 1, the higher rate now 4.95 percent, up from 3.75 percent will be withheld from employee paychecks over the remaining six months of 2017.

Before the hike, someone earning $50,000 paid $72 in state income tax per paycheck. That person will now pay $95, or an additional $600 per year.

Senate Democrats estimate the tax hike will siphon $4.453 billion more this year from individual taxpayers. Businesses will pay another $1 billion.

The following table shows how cities within Dekalb County compare:

City

Estimated increase

Ranking

Dekalb

$7,688,714.91

1

Sycamore

$7,119,200.98

2

Sandwich

$3,030,002.53

3

Genoa

$2,034,682.63

4

Somonauk

$1,379,364.55

5

Cortland

$1,141,342.75

6

Hinckley

$889,064.76

7

Kingston

$770,006.10

8

Kirkland

$657,952.13

9

Malta

$571,806.20

10

Waterman

$554,124.50

11

Shabbona

$362,813.51

12

Clare

$98,326.13

13

Esmond

$60,654.42

14

The following cities will experience the highest estimated increase:

County

City

Estimated increase

Sangamon

Springfield

$42,257,034.74

Winnebago

Rockford

$38,854,900.95

Peoria

Peoria

$35,750,546.94

McLean

Bloomington

$26,015,757.78

Saint Clair

Belleville

$24,013,638.46

Macon

Decatur

$18,513,548.57

Adams

Quincy

$13,606,291.30

Madison

Edwardsville

$12,695,537.58

McLean

Normal

$11,862,626.89

Rock Island

Moline

$11,263,559.71

Want to get notified whenever we write about
Dekalb County
?

Next time we write about
Dekalb County,
we'll email you a link to the story. You may edit your settings or unsubscribe at any time.